South Africa's leading economists adopt within this volume a sectoral approach in their analysis of the drastic changes that have occurred within the South African economy since 1970. The book illustrates how, despite its sophisticated infrastructure, the South African economy has shared in the economic decline - resulting from misguided economic policies - that has been the experience of Sub-Saharan Africa.
The contributors argue that the failure of manufacturing to maintain the country's economic growth, once the output of the gold mines began to decline, is central to an understanding of events and outcomes in the economy. Government policy towards manufacturing has played a major part in the decline of the South African economy, but this has, however, tended to be overlooked as a result of the turbulence generated by the political events unfolding in South Africa.
The Decline of the South African Economy will prove to be a fascinating read for students, teachers, researchers and academics with a special interest in modern economic development or in Africa and the Third World.
Edited by Stuart Jones, School of Economic and Business Sciences, University of the Witwatersrand, Johannesburg, South Africa
Contents: 1. Introduction Stuart Jones 2. Economic Survey, 1970-2000 Gavin Maasdorp 3. Macroeconomic Policy, 1970-2000 P.D.F. Strydom 4. Agriculture, 1970-2000 Nick Vink and Stefan Schirmer 5. The Mining Sector, 1970-2000 I. The Years of Turbulence, 1970-2000 Stuart Jones II. Transformation in the 1990s Stuart Jones and Roger Baxter 6. The Manufacturing Industry, 1970-2000 Trevor Bell and Nkosi Madula 7. The Freight Transport Sector, 1970-2000 Trevor Jones 8. The Financial Sector, 1970-2000 Stuart Jones 9. External Trade, 1970-2000 Stuart Jones 10. Balance of Payments, 1970-1999 Philip Mohr 11. The Situation in 2000 Stuart Jones Index